304.6 -134 Exemption of specific product forms or product lines. A specific product form or product line of a domestic company that is licensed and doing business only in Kentucky shall be exempt from the requirements of KRS 304.6 -143 if: (1) The commissioner has in his or her discretion issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) Either of the following are satisfied: (a) The company computes reserves using assumptions and meth ods used prior to the operative date of the valuation manual; or (b) The exemption is consistent with the valuation manual. Effective: July 15, 2024 History: Amended 2024 Ky. Acts ch. 129, sec. 1, effective July 15, 2024. -- Amended 2022 Ky. Acts ch. 133, sec. 5, effective July 14, 2022. -- Created 2015 Ky. Acts ch. 57, sec. 9, effective June 24, 2015.
Kentucky Legal Code